IRENA says growing biofuel production 10-fold needed to achieve GHG targets

In Germany, global energy-related carbon dioxide (CO2) emissions can be reduced by 70% by 2050 and completely phased-out by 2060 with a net positive economic outlook, according to new findings by the International Renewable Energy Agency (IRENA). Perspectives for the Energy Transition: Investment Needs for a Low-Carbon Energy Transition, launched on the occasion of the Berlin Energy Transition Dialogue, presents the case that increased deployment of renewable energy and energy efficiency in G20 countries and globally can achieve the emissions reductions needed to keep global temperature rise to no more than two-degrees Celsius, avoiding the most severe impacts of climate change.

Buildings, industry and transport sectors need more bioenergy, solar heating and electricity from renewable sources that substitute conventional energy while liquid biofuel production must grow ten-fold, the report said.